The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 6, 2021
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
Bay Area Multifamily Property Goes for $658k per Unit

11/11/21

Farm Hill Manor, a 24-unit newly renovated multifamily community in the Bay Area submarket of Redwood City, was purchased by a private investor for $15.8 mil, or $658.3k per unit.

Originally constructed in 1963, Farm Hill Manor is situated on a 36.2k sf parcel of land at 3510, 3516 and 3524 Farm Hill Blvd. The property offers its tenants beautifully designed one-bedroom, two-bedroom and three-bedroom floor plans.

Farm Hill Manor also features private backyards and balconies for all three-bedroom units and private patios for all two-bedroom units. Residents will benefit from the on-site laundry facilities, community pool, community garden, tuck-under parking, and extra storage.

Farm Hill Manor offers residents convenient access to both San Francisco’s Bay Area and Silicon Valley, and is situated near major employers, transportation corridors, nature parks, prestigious educational institutions, shopping centers, and dining and entertainment options.

Adam Levin, Robert Johnston and Regan Cherrington with Levin Johnston represented the seller and procured the buyer in the transaction. With Redwood City job growth projected to be 37% over the next 10 years and the city’s vacancy rate of just 2%, the upside potential for Farm Hill Manor is tremendous, notes Johnston.




Return to the previous page


 


 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2021 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media